News: DOW Downer EDI Says Spotless Group Accepted Offer To Settle Class Action

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    May 22 (Reuters) - Downer EDI Ltd (DOW) :

    • SPOTLESS GROUP ACCEPTED AN OFFER TO SETTLE CLASS ACTION
    • AS A RESULT OF SETTLEMENT, IF APPROVED, IMPACT ON DOWNER GROUP'S RESULTS FOR 2020 FINANCIAL YEAR WILL BE $35 MILLION (PRE-TAX)
    • SETTLEMENT IS WITHOUT ADMISSION OF LIABILITY AND IS SUBJECT TO FEDERAL COURT APPROVAL
 
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